South Korea's state-run agriculture trading corporation says that it aims to set up an international grain purchasing and distribution company that can invest directly in foreign farms or control stakes in agricultural operations.
"They (the government) borrowed $13 billion from China and now they want to pay it back with our land," Bolat Abilov, a leader of the opposition party Azat, said at the rally. “No Chinese soya beans on the Kazakh land!” shouted one protester.
Mr Massimov said Kazakhstan was negotiating an agreement with China to fund farming projects in Kazakhstan. “We are not giving China any land. The land code forbids it. But if we have a buyer [for crops], be it China or Arabia, then let’s sell,” he said.
The head of state at the last session of the Council of Foreign Investors informed that China had requested to lease 1 million hectares of Kazakh farmland for cultivation of rape and soya. According to A. Evniev, "It is not a lease, it is a question of joint manufacture. In this case, it is soya and later it will be corn and rape."
A group of private Saudi investors said they plan to start a company with $533.3 million capital that will invest in farm projects mainly abroad. First projects may be with Ghana, Turkey and Kazakhstan.